Webster Financial Co. (NYSE:WBS) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its holdings in shares of Webster Financial Co. (NYSE:WBS - Free Report) by 37.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,343 shares of the financial services provider's stock after selling 17,016 shares during the quarter. Nisa Investment Advisors LLC's holdings in Webster Financial were worth $1,321,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its stake in Webster Financial by 28.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,522,044 shares of the financial services provider's stock worth $240,687,000 after acquiring an additional 1,206,575 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in Webster Financial by 64.9% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,604,198 shares of the financial services provider's stock valued at $69,927,000 after acquiring an additional 631,080 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Webster Financial during the 3rd quarter worth $22,146,000. Bank of Montreal Can grew its position in shares of Webster Financial by 1,482.9% during the 2nd quarter. Bank of Montreal Can now owns 339,246 shares of the financial services provider's stock worth $14,801,000 after buying an additional 317,814 shares in the last quarter. Finally, Earnest Partners LLC grew its position in shares of Webster Financial by 11.2% during the 1st quarter. Earnest Partners LLC now owns 3,072,624 shares of the financial services provider's stock worth $155,997,000 after buying an additional 308,455 shares in the last quarter. Institutional investors own 85.58% of the company's stock.

Insider Transactions at Webster Financial

In other Webster Financial news, CAO Albert Jen-Wen Wang sold 4,000 shares of the firm's stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $52.43, for a total value of $209,720.00. Following the sale, the chief accounting officer now directly owns 14,273 shares of the company's stock, valued at approximately $748,333.39. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Albert Jen-Wen Wang sold 4,000 shares of Webster Financial stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $52.43, for a total value of $209,720.00. Following the sale, the chief accounting officer now directly owns 14,273 shares of the company's stock, valued at $748,333.39. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Daniel Bley sold 3,463 shares of the company's stock in a transaction on Monday, October 21st. The shares were sold at an average price of $52.10, for a total value of $180,422.30. Following the completion of the sale, the insider now owns 19,529 shares of the company's stock, valued at approximately $1,017,460.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,963 shares of company stock worth $620,272 over the last three months. 0.88% of the stock is currently owned by insiders.

Webster Financial Stock Performance

Shares of NYSE:WBS traded down $0.48 during trading on Monday, hitting $50.24. The stock had a trading volume of 799,841 shares, compared to its average volume of 1,242,125. Webster Financial Co. has a 12-month low of $38.54 and a 12-month high of $54.38. The stock has a market capitalization of $8.61 billion, a price-to-earnings ratio of 11.48, a price-to-earnings-growth ratio of 0.86 and a beta of 1.26. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.45. The stock has a 50-day simple moving average of $47.53 and a two-hundred day simple moving average of $45.64.

Webster Financial (NYSE:WBS - Get Free Report) last announced its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.01). Webster Financial had a return on equity of 11.03% and a net margin of 18.80%. The firm had revenue of $647.62 million during the quarter, compared to analysts' expectations of $677.72 million. During the same quarter in the previous year, the business earned $1.55 earnings per share. On average, equities research analysts expect that Webster Financial Co. will post 5.27 earnings per share for the current fiscal year.

Webster Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Friday, November 1st will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.18%. The ex-dividend date is Friday, November 1st. Webster Financial's payout ratio is 36.28%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on WBS shares. StockNews.com raised Webster Financial from a "sell" rating to a "hold" rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. dropped their price objective on Webster Financial from $58.00 to $55.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 9th. Morgan Stanley dropped their price objective on Webster Financial from $57.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Monday, September 30th. Stephens set a $58.00 price objective on Webster Financial in a research report on Thursday, October 17th. Finally, Royal Bank of Canada raised their price objective on Webster Financial from $57.00 to $62.00 and gave the company an "outperform" rating in a research report on Friday, October 18th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $57.85.

About Webster Financial

Webster Financial Corporation operates as the bank holding company for Webster Bank, National Association that provides a range of financial products and services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Consumer Banking.